IOTEX - IOTX/USDT - Weekly - Technical analysis published on 03/02/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 0.053933 USDT
My targets
0.087117 USDT (+7.92%)
0.111600 USDT (+38.26%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.053933 USDT remains possible. It is advisable to trade IOTEX NETWORK - IOTX/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.053933 USDT. The next bullish objective for buyers is set at 0.087117 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.111600 USDT. If there is any crossing, the next objective would be the resistance located at 0.147300 USDT. PS: if there is a bearish break in the support located at 0.053933 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.9
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Additional analysis
Quotes
The IOTEX NETWORK - IOTX/USDT price is 0.080720 USDT. The price is up +11.88% over 5 days with the lowest point at 0.069170 USDT and the highest point at 0.077480 USDT. The deviation from the price is +16.70% for the low point and +4.18% for the high point.0.069170
0.077480
0.080720
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Weekly of this IOTEX NETWORK - IOTX/USDT chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Weekly
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.013785 | 0.033640 | 0.079090 | 0.080720 | 0.111600 | 0.147300 | 0.237100 |
| Change (%) | -82.92% | -58.33% | -2.02% | - | +38.26% | +82.48% | +193.73% |
| Change | -0.066935 | -0.047080 | -0.001630 | - | +0.030880 | +0.066580 | +0.156380 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.074240 | 0.076280 | 0.078470 | 0.080510 | 0.082700 | 0.084740 | 0.086930 |
| Camarilla | 0.079497 | 0.079885 | 0.080272 | 0.080660 | 0.081048 | 0.081436 | 0.081823 |
| Woodie | 0.074315 | 0.076318 | 0.078545 | 0.080548 | 0.082775 | 0.084778 | 0.087005 |
| Fibonacci | 0.076280 | 0.077896 | 0.078894 | 0.080510 | 0.082126 | 0.083124 | 0.084740 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.038227 | 0.050153 | 0.061907 | 0.073833 | 0.085587 | 0.097513 | 0.109267 |
| Camarilla | 0.067148 | 0.069319 | 0.071489 | 0.073660 | 0.075831 | 0.078001 | 0.080172 |
| Woodie | 0.038140 | 0.050110 | 0.061820 | 0.073790 | 0.085500 | 0.097470 | 0.109180 |
| Fibonacci | 0.050153 | 0.059199 | 0.064788 | 0.073833 | 0.082879 | 0.088468 | 0.097513 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.004287 | 0.028897 | 0.053933 | 0.087117 | 0.112153 | 0.145337 | 0.170373 |
| Camarilla | 0.062960 | 0.068296 | 0.073633 | 0.078970 | 0.084307 | 0.089644 | 0.094981 |
| Woodie | -0.008360 | 0.026860 | 0.049860 | 0.085080 | 0.108080 | 0.143300 | 0.166300 |
| Fibonacci | 0.028897 | 0.051137 | 0.064877 | 0.087117 | 0.109357 | 0.123097 | 0.145337 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.48 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 8.155654 | |
| AROON (14): | -92.857143 | |
| DEMA (21): | 0.098607 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.177531 | |
| Elder Ray (13): | -0.016139 | |
| Super Trend (3,10): | 0.065845 | |
| Zig ZAG (10): | 0.080340 | |
| VORTEX (21): | 1.0098 | |
| Stochastique (14,3,5): | 10.91 | |
| TEMA (21): | 0.085365 | |
| Williams %R (14): | -83.04 | |
| Chande Momentum Oscillator (20): | -0.039450 | |
| Repulse (5,40,3): | -7.6075 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.6299 | |
| Courbe Coppock: | 49.70 |
| MA7: | 0.074606 | |
| MA20: | 0.083905 | |
| MA50: | 0.086786 | |
| MA100: | 0.108440 | |
| MAexp7: | 0.084492 | |
| MAexp20: | 0.093173 | |
| MAexp50: | 0.075966 | |
| MAexp100: | 0.054450 | |
| Price / MA7: | +8.20% | |
| Price / MA20: | -3.80% | |
| Price / MA50: | -6.99% | |
| Price / MA100: | -25.56% | |
| Price / MAexp7: | -4.46% | |
| Price / MAexp20: | -13.37% | |
| Price / MAexp50: | +6.26% | |
| Price / MAexp100: | +48.25% |
Quotes :
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Real time data
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Cryptocompare
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